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Jun 14, 2011

Bank of Canada to delay rate hikes to 2012:TD Bank

TORONTO, June 14 (Reuters) – Toronto-Dominion Bank (TD.TO: Quote, Profile, Research, Stock Buzz)
became the first primary dealer to push its forecast for the
next Bank of Canada rate hike into 2012, warning the economy
has not fully emerged from the shadow of the financial crisis.

TD, Canada’s second-biggest lender, said on Tuesday it
expects that the Bank of Canada will next raise its key policy
rate by a quarter-point in January to 1.25 percent.

Jun 2, 2011

Canadian manufacturing PMI shows slower growth

TORONTO, June 2 (Reuters) – A new index looking at trends
in Canadian manufacturing showed a slowdown in factory growth
in May, matching a pattern seen in other countries.

The RBC Canadian Manufacturing Purchasing Managers’ Index,
launched on Thursday, fell to 54.8 in May from 56.3 in April.

May 26, 2011

TSX knocked lower as TD, CIBC results miss

TORONTO, May 26 (Reuters) – Toronto’s main stock index
sagged on Thursday, weighed down by bank results that came in
slightly below expectations.

Toronto-Dominion Bank (TD.TO: Quote, Profile, Research, Stock Buzz), Canadian Imperial Bank of
Commerce (CM.TO: Quote, Profile, Research, Stock Buzz), and National Bank of Canada (NA.TO: Quote, Profile, Research, Stock Buzz) all
reported higher quarterly profit, but TD and CIBC were shy of
market expectations, sending their shares down more than 2
percent. [ID:nN26230622] [ID:nN26207347]

May 17, 2011

Canada home resales fall on tighter mortgage rules

TORONTO, May 17 (Reuters) – Sales of existing homes in
Canada fell 4.4 percent in April from March as activity dropped
off after a first-quarter rush to buy before the introduction
of new mortgage rules.

The Canadian Real Estate Association (CREA) said on Tuesday
that 36,564 homes changed hands in April, down from 38,263 in
March.

May 17, 2011

Exclusive: Canada Q1 commercial lending steadies: PayNet

TORONTO (Reuters) – Canadian commercial lending was steady in the first quarter, suggesting a stable borrowing environment where businesses are cautious about the economy yet ready to take advantage when demand picks up, according to data released by PayNet Inc. on Tuesday.

The Canadian Business Lending Index, which tracks the creation of new loans, was unchanged from the fourth quarter when the data showed its first uptick in new lending after a two-year decline, said PayNet, which reports on the commercial lending industry.

May 17, 2011

Canada Q1 commercial lending steadies- PayNet

TORONTO, May 17 (Reuters) – Canadian commercial lending was
steady in the first quarter, suggesting a stable borrowing
environment where businesses are cautious about the economy yet
ready to take advantage when demand picks up, according to data
released by PayNet Inc. on Tuesday.

The Canadian Business Lending Index, which tracks the
creation of new loans, was unchanged from the fourth quarter
when the data showed its first uptick in new lending after a
two-year decline, said PayNet, which reports on the commercial
lending industry. [ID:nN1487649]

May 10, 2011

Strong C$ spurs influx of U.S. retailers-Colliers

TORONTO, May 10 (Reuters) – Canada’s retail market is en
route to absorbing a “second wave” of U.S. entrants, suggesting
the consumer landscape is in transition and could see some of
Canada’s most familiar retail names disappear, Colliers
International said in a report on Tuesday.

In its spring retail report, the real estate services firm
said economic conditions are ripe for more U.S. retailers to
set up shop north of the border.

May 9, 2011

Canada April housing starts unexpectedly fall

TORONTO, May 9 (Reuters) – Canadian housing starts
unexpectedly slipped 3.1 percent in April, largely due to a
decrease in construction of multi-unit family dwellings such as
condominiums, data on Monday showed.

Starts slipped to a seasonally adjusted annualized rate of
179,000 units from a downwardly revised 184,700 units in March,
Canada Mortgage and Housing Corp. said. March starts were
revised from 188,800 units.

May 5, 2011

Brookfield Office reports 1st-quarter leasing surge

TORONTO, May 5 (Reuters) – Brookfield Office Properties
(BPO.TO: Quote, Profile, Research, Stock Buzz), a major office landlord in Manhattan and other North
American cities, reported on Thursday a “dramatic” pick-up in
leasing in the first quarter and said it has high hopes for the
rest of the year.

Chief Executive Ric Clark said his company leased 2.8
million square feet of space in the first quarter, the second
best quarter in its history. In the year-before quarter it
leased 2.3 million square feet.

May 3, 2011

TSX to fall on soft resources, election drama over

TORONTO, May 3 (Reuters) – Toronto’s main stock market
looked set to open lower on softer commodity prices on Tuesday,
although a crushing election victory by the ruling
Conservatives removed a hurdle of uncertainty that has weighed
on the market.

Canadian equity futures <0#SXF> suggested a soft open as
commodity prices such as crude oil and copper were lower, a
drag for the resource-heavy main index.